Dick

United

Radar

ATM (ATMcoin.top)

Coin

More than 1,200 cryptocurrency ATMs mysteriously went offline in the United States during the first weekend of March, just days after a senator introduced the Crypto ATM Fraud Prevention Act to stop crypto ATM fraud.
On Feb. 25, Illinois Senator Dick Durbin <a href="https://cointelegraph.com/news/senator-dick-durbin-legislation-stop-crypto-atm-fraud" rel="noopener noreferrer nofollow" target="_self">proposed legislation to target fraud</a> at crypto ATMs in the US, citing a recent incident involving one of his constituents. His proposal came the same month that 860 new crypto ATMs were installed in the US.
Still, in the first three days of March, the global Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null">BTC</a>) ATM network saw a net decline of 1,100 machines, with the US accounting for 1,233 of those losses. The closures were slightly offset by new installations in Europe, Canada, Spain, Poland, Australia and Switzerland, <a href="https://coinatmradar.com/charts/net-growth/united-states/" rel="noopener noreferrer nofollow" target="null">according</a> to Coin ATM Radar data.
<figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01955b20-8091-7eee-a2dd-88886d111b89" title="" alt="Crypto ATM network shrinks as US loses 1,200 machines in days">
 <figcaption style="text-align: center;">
 Chart showing the net change of cryptocurrency machines number installed and removed monthly in the US. Source: Coin ATM Radar
 </figcaption>
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<h2 id="the-us-is-home-to-the-world-s-largest-crypto-atm-network">The US is home to the world’s largest crypto ATM network</h2>
The ATM closures caused a small dent in the US’s massive crypto ATM network.
 
<figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01955b20-8646-7560-bc57-a274ce214cd4" title="" alt="Crypto ATM network shrinks as US loses 1,200 machines in days">
 <figcaption style="text-align: center;">
 The distribution of crypto ATMs installed in various countries and on continents. Source: Coin ATM Radar
 </figcaption>
</figure>
As of March 3, the US hosts 29,731 crypto ATMs, representing 79.9% of all crypto teller machines worldwide. Canada and Australia take up the next two spots, with 3,085 ATMs (8.3%) and 1,467 (3.9%) respectively.&nbsp;
<figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01955b20-8b0f-7b17-862a-572f48df6c8d" title="" alt="Crypto ATM network shrinks as US loses 1,200 machines in days">
 <figcaption style="text-align: center;">
 Total number of Bitcoin machines installed globally over time. Source: Coin ATM Radar
 </figcaption>
</figure>
<h2 id="stagnant-crypto-atm-growth-amid-regulatory-crackdown">Stagnant crypto ATM growth amid regulatory crackdown</h2>
Currently, 37,226 cryptocurrency ATMs are active globally. The growth of the crypto ATM ecosystem has stagnated since mid-2022 owing to evolving regulations and crackdowns on unregistered businesses.
Related: <a href="https://cointelegraph.com/news/uk-illicit-crypto-atm-operator-sentenced-first-unregistered-crypto-case" rel="noopener noreferrer nofollow" target="null">UK hands down first criminal sentence over illegal crypto ATMs</a> 
<figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01955b20-90dc-7cda-8267-ea22bf441c24" title="" alt="Crypto ATM network shrinks as US loses 1,200 machines in days">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/SenatorDurbin/status/1894415557761372410" rel="noopener noreferrer nofollow" target="null">Dick Durbin</a>
 </figcaption>
</figure>
Durbin’s proposed legislation would require crypto ATM operators to warn users of scams to prevent fraud. Additionally, it will introduce measures to minimize loss of funds and empower law enforcement with tools to track illicit transactions.
Magazine: <a href="https://cointelegraph.com/magazine/elon-musk-proposal-to-run-government-on-usa-chain-has-some-issues/" rel="noopener noreferrer nofollow" target="null">Elon Musk’s plan to run government on blockchain faces uphill battle</a>

Crypto ATM network shrinks as US loses 1,200 machines in days

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